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Insecticides Market Worth $16 Billion by 2019 - New Report by MarketsandMarkets

(PRWEB) July 16, 2014

According to a new market research report entitled, “Insecticides Market by Type [Organophosphorus Compounds, Pyrethroids, Neonicotinoidsn Methyl Carbamate, and Others (Macrocyclic Lactones, Phenylpyrazoles, and Benzoylureas)], by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), & Geography - Global Trends and Forecasts to 2019” published by MarketsandMarkets, the insecticides market is projected to grow from a value of $13,037.5 million in 2013 to $16,436.0 million by 2019, at a CAGR of 4.7% from 2014 to 2019. North America and Asia-Pacific are expected to dominate the global insecticides market, in terms of value.

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Organophosphorus compounds: The Largest Market Segment

The global insecticides market is segmented into organophosphorus compounds, pyrethroids, neonicotinoids, methyl carbamate, and others (macrocyclic lactones, phenylpyrazoles, and benzoylureas)]. Organophosphorus compounds account for the largest share in the “by type” classification category. North America and Asia-Pacific are the largest consumers of organophosphorus compounds.

Global Insecticides Market: By Crop Type

The global insecticides market consists of four crop types categories. They are cereals & grains, oilseeds & pulses, fruits & vegetables, and other crops. North America is the largest consumer of cereals & grains in 2013, followed by Latin America. The Asia-Pacific region was the leading consumer of insecticides for fruits & vegetables and other crops.

Asia-Pacific: The Largest Market for Insecticides

Asia-Pacific was the largest market for insecticides in 2013. North America was second, followed by Latin America. Brazil, China, and the U.S. are the key revenue generating countries for the Latin American, Asia-Pacific, and North American markets. Brazil generated maximum revenues in Latin America, followed by Argentina. China led the market in the Asia-Pacific region.

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